In active trading in recent days a large block of Wordsworth stock came on the market, depressing share price to 292, its lowest in well over a year.
“This may represent a disposal by Emerald Responsible Growth Mutual Fund,” says Charles Winter, a respected market insider. “It’s no secret that its management was deeply disturbed by Wordsworth’s reluctance to release its impact assessment for its proposed Thibaw development. The fact that it was subsequently leaked by the mysterious Wikidrain organization is a major embarrassment for Wordsworth. One wonders if they were hoping to ignore the recommendations of this assessment. Otherwise there was no reason to withhold it.”
It is believed that Emerald Responsible Growth may have held as much as 1.5% of total Wordsworth stock and the depression of share price has reawakened speculation that Wordsworth may be a takeover target .
No comments:
Post a Comment